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The effective annual interest rate (EAR) is the appropriate interest rate to use when making future or present value calculations. (CSLO 3) True False All

The effective annual interest rate (EAR) is the appropriate interest rate to use when making future or present value calculations. (CSLO 3)

True

False

All consumer borrowing and lending rates are annualized with the effective annual interest rate (EAR). (CSLO 3)

True

False

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